CEDAR CITY — A 39-year-old man has pleaded guilty to second-degree felony theft charges for embezzling nearly $700,000 from his employer.
Under a plea deal with the Iron County Attorney's Office, 39-year-old Nathan Esplin will receive a one-year jail sentence and 36 months of probation.
His attorney, Jack Burns, told The Spectrum that Esplin also has already lived up to an agreement to repay $500,000 to Leavitt Group Enterprises.
Esplin signed a promissory note to pay another $150,000 to Traveler's Insurance, which paid that amount in a claim to the company.
According to court records, Esplin took $682,342 over a nine-year period by 2014 while employed as treasurer and chief accounting officer of the company.
Burns says Esplin admitted to the embezzlement when confronted by his employer.
— Associated Press